A customer shops at a supermarket in Tokyo on Feb. 27, 2024. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets were set to open lower on Friday as investors await U.S. Federal Reserve chairman Jerome Powell’s comments at Jackson Hole. In the past, Powell has outlined broad policy initiatives and provided clues about the … Read more
A bronze bull statue outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, June 3, 2024. India’s stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s ruling party in general elections that concluded Saturday. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images … Read more
Here are the most important news items that investors need to start their trading day: 1. Rate rally After a selloff prompted by fears about the economy earlier this month, markets have largely been steady. The three major U.S. averages rose again Wednesday as investors anticipated an interest rate cut at the Federal Reserve’s September … Read more
People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024. Jung Yeon-je | Afp | Getty Images Asia-Pacific markets opened mostly higher on Thursday, as investors assess flash business activity data from Australia, Japan and India throughout the trading day. The Bank of … Read more
The Federal Reserve Building in Washington, D.C. Joshua Roberts | Reuters LONDON — European stocks are heading for a higher open Wednesday, rebounding as investors await commentary on the inflation and interest rate outlook from the U.S. Federal Reserve. The regional Stoxx 600 index closed in the red on Tuesday, snapping a strong run that … Read more
CNBC’s Jim Cramer reviewed Tuesday’s pullback, saying the market was due for some declines, and investors are perhaps interpreting companies’ quarters with more scrutiny than they had during the preceding eight-day rally. “We’re getting back to reality, where good is good and bad is bad and never the twain shall meet,” he said. “In short, … Read more
A flag of Japan flies near cargo containers at Tokyo’s Odaiba Waterfront on August 6, 2020. BEHROUZ MEHRI | Contributor | Getty Images Asia-Pacific markets are lower on Wednesday, tracking Wall Street as both the S&P500 and Nasdaq Composite snapped an eight day winning streak. The S&P 500 slid 0.2%, while the Nasdaq Composite shed 0.33%. The Dow Jones Industrial … Read more
Melbourne city centre skyline alongside the Yarra River. Loop Images | Universal Images Group | Getty Images Asia-Pacific markets climbed across the region on Tuesday, tracking Wall Street’s rally and as China released key economic data. China’s loan prime rates were held at 3.35% for the one-year LPR and 3.85% for the five-year LPR, in … Read more
Finished utility hole covers and frames stored for shipment at the Ito Tekko Co. foundry in Kawaguchi, Saitama Prefecture, Bloomberg | Bloomberg | Getty Images Asia-Pacific markets mostly fell on Monday after a week that saw a broad rally in stocks. Traders in Asia will watch out for central bank releases this week, including the … Read more
The economic worries that pummeled stocks in early August quieted further in recent days, enabling Wall Street to turn in its best week of the year. The tech-heavy Nasdaq Composite led the way, surging 5.3% on the week, followed by the S & P 500 , which advanced 3.9%, and the Dow Jones Industrial Average , … Read more
